Cascade Investment, L.L.C. Amends AutoNation Stake

TL;DR

Cascade Investment, L.L.C. (William H. Gates III's entity) just filed an amendment to its AutoNation (AN) stake, signaling an update to its position.

AI Summary

Cascade Investment, L.L.C., associated with William H. Gates III, filed an Amendment No. 2 to Schedule 13D on February 13, 2024. This filing pertains to its ownership of Common Stock, Par Value $0.01, in AutoNation, Inc. (CUSIP 05329W102). The amendment updates previous disclosures regarding Cascade Investment's stake in the auto retailer, though specific changes in ownership percentage or intent are not detailed in this excerpt.

Why It Matters

Schedule 13D/A filings inform investors about significant changes in beneficial ownership of a company's stock, which can signal shifts in control or investment strategy by major shareholders.

Risk Assessment

Risk Level: low — This filing is an amendment to a previous disclosure and does not inherently indicate high risk without details of the changes.

Key Numbers

• 05329W102 — CUSIP Number (Identifies AutoNation, Inc. Common Stock)

Key Players & Entities

• CASCADE INVESTMENT, L.L.C. (company) — Filer of the SC 13D/A
• AUTONATION, INC. (company) — Subject company of the SC 13D/A
• WILLIAM H. GATES III (person) — Group member associated with the filer
• Jeff Shim, Esq. (person) — Contact person for the filer

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, Par Value $0.01 (Title of Class of Securities) 05329

Filing Documents

• tm246173d1_sc13da.htm (SC 13D/A) — 39KB
• 0001104659-24-022377.txt ( ) — 41KB

From the Filing

SC 13D/A 1 tm246173d1_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON , D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* AutoNation, Inc. (Name of Issuer) Common Stock, Par Value $0.01 (Title of Class of Securities) 05329W102 (CUSIP Number) Jeff Shim, Esq. 2365 Carillon Point Kirkland , WA 98033 (425) 889-7900 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 13, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 05329W102 1. Names of Reporting Persons Cascade Investment, L.L.C. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions) WC 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or (e) o 6. Citizenship or Place of Organization State of Washington Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 9,871,303 (1) 8. Shared Voting Power -0- 9. Sole Dispositive Power 9,871,303 (1) 10. Shared Dispositive Power -0- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 9,871,303 (1) 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 23.7% (2) 14. Type of Reporting Person (See Instructions) OO (1) All shares of the common stock, $0.01 par value per share (the “Common Stock”), of AutoNation, Inc. (the “Issuer”) held by Cascade Investment, L.L.C. (“Cascade”), may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade. (2) Based on 41,600,000 shares of Common Stock outstanding as of December 31, 2023, as reported in Exhibit 99.1 to the Issuer’s Form 8-K filed on February 13, 2024. CUSIP No. 05329W102 1. Names of Reporting Persons William H. Gates III 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions) WC 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or (e) o 6. Citizenship or Place of Organization United States of America Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 9,871,303 (1) 8. Shared Voting Power -0- 9. Sole Dispositive Power 9,871,303 (1) 10. Shared Dispositive Power -0- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 9,871,303 (1) 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 23.7% (2) 14. Type of Reporting Person (See Instructions) IN (1) All shares of the Common Stock of the Issuer held by Cascade may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade. (2) Based on 41,600,000 shares of Common Stock outstanding as of December 31, 2023, as reported in Exhibit 99.1 to the Issuer’s Form 8-K filed on February 13, 2024. EXPLANATORY STATEMENT This Amendment No. 2 to Schedule 13D (“Amendment”) amends and supplements the Schedule 13D previously filed by Cascade Investment, L.L.C. (“Cascade”) and William H. Gates III (together with Cascade, the “Reporting Persons”) with the Securities and Exchange Commission on February 21, 2023, as amended July 24, 2023, relating to the common stock, par value $0.01 per share (the “Common Stock”), of AutoNation, Inc. (the “Issuer”). The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant. Information in the Schedule 13D remains in effect except to the extent that it is amended or superseded by subsequently filed information, including information in this Amendment. This Amendment is being filed due to an increase in